Impact Of Effective Management Of Resources In Solving Unemployment Problem

(A Case Study Of Oji River L.G.A Enugu)

5 Chapters
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52 Pages
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7,154 Words
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Effectively managing resources plays a crucial role in addressing the issue of unemployment. The strategic allocation and utilization of resources, including financial capital, educational facilities, and vocational training programs, are pivotal in fostering economic growth and creating job opportunities. A well-coordinated effort in resource management can enhance skill development initiatives, ensuring that the workforce is equipped with the necessary competencies demanded by the job market. Moreover, targeted investments in sectors with high employment potential, such as technology, renewable energy, and infrastructure, can stimulate job creation. This approach aligns with the need for a dynamic and adaptable workforce, capable of meeting the evolving demands of the contemporary job landscape. Additionally, a judicious management of resources facilitates the establishment of small and medium enterprises (SMEs), acting as catalysts for job generation and economic stability. In essence, an astute handling of resources is integral to addressing unemployment, fostering sustainable economic development, and empowering individuals to contribute meaningfully to the workforce.

ABSTRACT

This study is on a strong impression of effective management of resources want to know that impact of effective management of resources in solving unemployment problem in Oji River Local Government Area how they have carried its operations to bring this phenomenon to its minimum.
In order to active this an empirical survey and library research were carried out. The sources of data used include both primary and secondary data. The primary sources of data are the administration questionnaire and oral interview while the secondary sources includes statistical tools
The research reveals that the local government has not put the necessary machinery in place to tackle unemployment. One reason being lack of managerial skill operating in the area.
This factors has been a force militating against solving unemployment problem. It was discovered also that the local government under study engages in various activities and schemes including provision of pipe borne water rural electrification project to attract investor to harness the available natural resources to create employment of the people.

TABLE OF CONTENT

Title page
Approval page
Dedication.
Acknowledgement
Preface
Table content

CHAPTER ONE
INTRODUCTION
1.1 Background of study.
1.2 Statements of problem.
1.3 Purpose of study
1.4 Scope of the study
1.5 Research question
1.6 limitation of the study
1.7 Significance of the study
1.8 Definition of terms

CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 The concepts of management
2.2 The concepts of unemployment
2.3 Problems generated by unemployment
2.4 Unemployment – a set back to a nations economic development
2.5 Effective management of resources as a veritable tool for solving unemployment
2.6 The impact of effective management of resources in Oji River Local Government Area.

CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1 Research design
3.2 Area of the study
3.3 Population of the study
3.4 Sample of the sampling procedure
3.5 Instrument for data collection
3.6 Validation of the instrument
3.7 Reliability of the instrument
3.8 Method of data collection

CHAPTER FOUR
DATA PRESENTATION & ANALYSIS
4.1 Presentation and analysis of data
4.2 Summary of results

CHAPTER FIVE
DISCUSSION RECOMMENDATION AND CONCLUSION
5.1 Discussion of result
5.2 Conclusion
5.3 Implication of the research finding
5.4 Recommendations
5.5 Suggestions for further research
Bibliography
Appendix

CHAPTER ONE

INTRODUCTION
BACKGROUND OF THE STUDY
Unemployment has been and stills a major problem in Oji- Rive Local Government Area of Enugu State. A study recently carried out of researchers showed that about 80% of the labour force in the local government area are unemployed people in Oji- River is made up of youths and young school levers whose number in the labour market is on the increase year because of the high rate of people graduating from both the secondary and tertiary institution. A far of them who are employed solely depend on the government and a greater percentage of them years for the non-existent non government organizaiton or corporate bodies for their unshed labour which according to Byrness and stone (1981:147) people are only employed when they are unable to work and would be willing to accept a prevailing wage paid to people that posed the skill they have but either cannot find or have mot yet joined suited employment” Byrness believed that a person become unemployed when be has a required skilled to sell to an employer who is willing to buy his still for a wage the problem of unemployment can be reduced if the already existing establishment within Oji-Rivers local government Area are effectively managed.
The first problem that confronts the young job seeker hope on getting mainly administrative jobs which with the changing economic trend and high labour cost become very expressive for the employer who will prefer to improve the skill of his staff or computerize his company therefore cutting labour cost and maximizing his profit when this become unemployed with little or no hope of getting employment because of the charging trends modernization and technological development of labour management based on this short fall in employment becomes problem.

is that he seek On way to improve unemployment is through the effective management of resources in an establishment. Effective manageemnt of resources in an establishment in Oji- Rive to encourage specialization and division of labour which means that more will also be encouraged to exhibit the dexterity in certain skill so as to perform the tasks more effectively at a higher rate of out put so as to meet the demand of their customers by their specialization is encouraged a t opposed to the use of computers which needs few people to feed information into them. Effective management of scare resources in Oji-River will reduce unemployment and the dependence on government corporate bodies as the last hope of job seeker for engaging income generating ventures.
As a matter of factor this will put smile on the faces of school leavers who will be assured that they can be gainfully engaged and acquire proficiency in desired skills through their engagement in profitable of any establishment’s he effective management of resources in Oji- River Local Government Area will no doubt eradicate or reduce the social outery about the tills perpetrated by the employed people who as a matter of fact constitute a social menaces to the society. Some of the soil toilers and moilers will however be employed by these establishment

STATEMENT OF THE PROBLEM
The problem of how unemployed can be solved by the effective management of resources is the core of the study. The researcher instead to find out what effect effectively managed resources will have in the reduction of unemployment rate in Oji-River Local government. The population on which the study will be based on the researcher intends to look at based on the operations of the establishment within the area and how effective the managers of these business or establishment will contribute in the study area

PURPOSE OF THE STUDY
The purpose of the study is to elicit the use of effective manageemnt of scare resources as a mean of reducing unemployment problem within Oji-River local government Area

SCOPE OF THE STUDY
The scope of the study is to find out how unemployment problem can be solved through the proper use of scare resources in establishment. The study will be limited to Oji- River local government Area which will be used s the study population for the basis of the study.

RESEARCH QUESTIONS
– Is there any way (s) to improve on the present mode of operations of
Resources through effective management?
– Can it create employment opportunities in Oji- River local government
Area
– In what way (s) can effective management of resources be used
as a tool reducing unemployment in Oji- River Local Government Area?

SIGNIFICANCE OF THE STUDY
The significance of the study states who should benefit from the research and how. The study will go a long way in helping to achieve the strong impression. The effective manageemnt of resources will create in solving unemployment problem in Oji-River Local Government and Nigeria in general. It will also reduce the mismanagement of resources that leads to termination of worker in an establishment thereby creates unemployment in the local Government.

DEFINITION OF TERMS
It is good to give operational meaning to the word misinterpretation by readers he term associated with this study will be clearly defined and provision will be made for other definitions as they occur while the study is progress.

UNEMPLOYMENT
According to R,T Byreness and G.N stones (1981 p 14.7) is the amount of the unused labour involving skilled or unskilled people who are willing to work but could not secure employment as a result from the bulk of dependent people in the society

ESTABLISHMENT
The basic structures and faclities necessary for a country or organization of functions efficiently

MANAGEMENT
Manageemnt from layman’s view is getting things done through and with people aimed at achieving ones personal goal or in contest with the goals of the organization

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Impact Of Effective Management Of Resources In Solving Unemployment Problem

Effective management of resources can have a significant impact on solving the unemployment problem in several ways:

Job Creation: Efficient resource management can lead to the growth of industries and businesses. When resources are used optimally, companies can expand, invest in new projects, and create more job opportunities. This expansion can directly contribute to reducing unemployment rates.

Skill Development: Proper resource allocation can support educational and training programs. When resources are allocated to education and skill development initiatives, individuals can acquire the skills needed for available job opportunities. This can help bridge the skills gap and make the labor force more employable.

Infrastructure Development: Investment in infrastructure projects, such as transportation, energy, and technology, can stimulate economic activity and job creation. Effective resource management ensures that these projects are well-planned, funded, and executed, leading to employment opportunities in construction, maintenance, and operation.

Entrepreneurship and Small Business Support: Resources can be channeled into supporting entrepreneurship and small business development. This can be through loans, grants, or incubator programs. When managed effectively, these resources can help start-ups and small businesses flourish, leading to job creation.

Labor Market Information: Effective resource allocation can fund research and data collection efforts to better understand the labor market’s dynamics. This information can guide policies and programs to target specific sectors or regions with higher unemployment rates.

Workforce Training and Reskilling: As industries evolve, resource management can fund workforce training and reskilling programs to help workers adapt to changing job requirements. This can prevent job losses due to technological advancements and industry shifts.

Promoting Innovation: Resources can be allocated to research and development initiatives to foster innovation. Innovation can lead to the creation of new industries and job opportunities that may not have existed otherwise.

Social Safety Nets: Effective resource management can support social safety nets, such as unemployment benefits and job placement services. These programs can help individuals during periods of job loss, reducing the negative impacts of unemployment.

Regional Development: Resource allocation can be tailored to address regional disparities in unemployment rates. Targeted investments in economically disadvantaged areas can stimulate local economies and create jobs where they are needed most.

Public-Private Partnerships: Collaboration between the public and private sectors, facilitated by resource management, can lead to job-creating initiatives. Government incentives and private sector investments can combine to stimulate economic growth.

In conclusion, the effective management of resources plays a crucial role in addressing unemployment. By strategically allocating resources to various aspects of the economy, policymakers can stimulate job creation, enhance workforce skills, and support economic growth, all of which contribute to reducing unemployment rates and improving overall employment prospects for a country’s citizens.